"Determinants of Financial Inclusion and Human Development: A Study of selected countries"


N. Chithra, Annamalai University, Chidambaram, Tamilnadu, India.

Dr. K. K. Sabarirajan (Associate Professor)
Department of Business Administration, Chidambaram, Tamilnadu, India.


Financial inclusion is a part of inclusive growth as it focuses on delivering financial services at much affordable costs to the under-privileged sections of the society. The issue of financial inclusion is a development policy priority in many countries. This paper made an attempt to measure the degree of association of Index of Financial Inclusion (IFI) with Human Development Index (HDI) values and to explain the observed variation of financial inclusion index values by fitting a regression based on consideration of several relevant explanatory variables.This study reveals that the coefficients of the explanatory variables per capita GNI, population, education& life expectancy has the expected positive sign and is significant. And also pooled OLS with clustered standard error regression model has been used to explain the factors influencing financial inclusion across the countries of the world.